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Steps to Follow While Developing a Mobile Wallet App


Did you notice that no one uses liquid cash for daily transactions anymore? It is especially true in the case of millennials and Gen Z. People don't wish to carry around money anymore because it is inconvenient for them. 


In contrast, carrying around a mobile phone is not yet an inconvenience to anyone. It is no wonder mobile wallet apps are in such a high demand today. Here is how you can develop a mobile wallet app that meets the need of the users efficiently.


Step 1: Designing And Prototyping

Every successful app starts with an interactive design and a fully clickable prototype. Start by finding out how your target audience manages money and then move on to the pain points your customers face with money management.


Once you do that, developing an app becomes much easier. Remember that the prototype must be clickable if you want a good idea of how the design plays out during different stages of the customer journey. 


Furthermore, the prototype enables you to get feedback on the design and update the app according to the feedback. It also helps you add or discard unique app features.


Step 2: Developing 

After you create a prototype for the mobile wallet app, you have the app version that meets your customers' tastes and needs. All that's left for you to do now is to develop an app in Pennsylvania.


There are a lot of things you need to consider before developing a mobile app. Even though we can't list all of them here, you can find the most significant components in mobile app development below.


Security

Security should be your biggest concern when developing a mobile wallet app in Pennsylvania. Your customers should feel safe using your mobile app for their day-to-day transactions. Consider the following security features for your mobile wallet app.


  • Biometric authentication 

  • Tokenization 

  • Two-factor authentication

  • Data encryption

  • PCI compliance

  • Strong passwords and SSL 


Open-Ended Architecture

Open architecture is another crucial element in mobile wallet app development. It means that your mobile wallet app should have the ability to connect with external services and provide a ground-level architecture for future developers.


Doing so enables your mobile wallet app to ensure an ecosystem that actively matures and allows more businesses to connect with it. Apart from this, you will need to integrate payment gateways to process the user's transactions securely. 


Third-Party Components

Like every other mobile app development, you may have to find suitable plug-and-play SDKs to optimize delivery. Nonetheless, you still have to look out for the security aspect of the app. Hence, use SDKs exclusively for peripheral features, such as QR code scanning. 


Admin dashboard

Your mobile wallet is incomplete without an admin dashboard. Ensure the dashboard allows you to manage users and their mobile wallet interactions effectively.


Step 3: Testing

The testing stage of your mobile wallet app begins during the development stage itself. Coders usually implement unit tests which allow them to ensure various features of the app are working as they should. But the formal testing phase involves a thorough functional and UX testing.


Unlike many other mobile apps, testing a mobile wallet app requires unique skills and expertise. Hence, you must be extra careful when picking your development partner. You can even consider hiring a cyber security agency to perform security audits.


Step 4: Releasing

Once you test your mobile wallet app and ensure everything is working the way it should, you can finally release your app in the market. However, you should know that there are several hoops you need to jump through before you can release an app in Google Playstore and the App Store.


Step 5: Maintenance 

Your work is not done even after releasing the mobile app wallet. You must collect usage metrics and user reviews to identify ways through which you can improve your app. Keep updating your app to support the latest OS features, fix bugs, and streamline the app's user experience.


Conclusion

Developing an app is easier said than done and involves more than just putting some lines of code in order. You need an expert app developer like NewAgeSMB to develop your mobile wallet app.
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